On Restructuring, Regulation, and Competition in Utility Industries: Experience in the United Kingdom and Implications for Latin America
39 Pages Posted: 20 Apr 2011
Date Written: December 1996
Abstract
There are two similarities between the utility privatization programs of the UK and Latin America. Privatization has largely consisted of the transfer of industry-dominant, state companies into the private sector, often with statutory monopoly powers. In addition, the extensive use of price cap rather than rate-of-return regulation. A difference is that, arguably, the UK tried to create a fair but flexible regulatory policy by establishing a set of individual industry regulators somewhat independent from the government with considerable discretionary powers.
Suggested Citation: Suggested Citation
Powell, Andrew P. and Powell, Andrew P., On Restructuring, Regulation, and Competition in Utility Industries: Experience in the United Kingdom and Implications for Latin America (December 1996). IDB Working Paper No. 272, Available at SSRN: https://ssrn.com/abstract=1815959 or http://dx.doi.org/10.2139/ssrn.1815959
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